Changing the Default Target Framework Visual Studio 2010

Question

Is there a way in Visual Studio 2010 to change the default target framework that projects point to when they are created? I want to target the 4.0. framework by default and

Answer 1

I know the question was originally for VS2010, but in Visual Studio 2015, it's much easier to change the target framework by default.

When adding a new project, change the framework at the top -

When you come to add another project, I've found that VS remembers the last selection I made.